SOLUTION: Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. How much interest will he receive? This Question is from the TABE Test.

Algebra ->  Customizable Word Problem Solvers  -> Misc -> SOLUTION: Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. How much interest will he receive? This Question is from the TABE Test.      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 198465: Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. How much interest will he receive?
This Question is from the TABE Test.
Answer by Mathtut(3670) About Me  (Show Source):
You can put this solution on YOUR website!
I=p*r*t
:
I=4000*.06*5
:
I=1200